Every Spring, Motorists Do More Driving Than During the Winter

question 507

Multiple Choice

Every spring, motorists do more driving than during the winter months. Every spring, the price of gasoline increases and the motorists buy more gasoline. This experience suggests that the

• A) "law of supply" does not always hold for necessities like gasoline.
• B) "law of demand" does not always hold for necessities like gasoline.
• C) laws of supply and demand are both contradicted for gasoline, though only during the spring driving season.
• D) None of the above answers are correct.

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Definitions:

Society At Large

A broad term referring to the general public or the greater community beyond specific groups or sectors.

Ethics Code

An ethics code is a set of principles and rules designed to guide the behavior and decision-making of members of an organization or profession.

Human Resource

Refers to the department within an organization that is responsible for hiring, training, compensating, and maintaining policies for the employees.

Archie Carroll

An academic known for his work in corporate social responsibility, including the pyramid model that outlines the responsibilities of businesses.